Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,268 shares of the company’s stock after selling 1,849 shares during the quarter. Fred Alger Management LLC’s holdings in Vail Resorts were worth $1,615,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Signaturefd LLC grew its position in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Vail Resorts in the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Vail Resorts during the third quarter worth $25,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays reduced their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, UBS Group started coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $205.90.

Vail Resorts Stock Down 1.7 %

Shares of Vail Resorts stock opened at $179.24 on Monday. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 1.72 and a beta of 1.13. The stock has a 50-day simple moving average of $175.40 and a 200-day simple moving average of $179.33. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same quarter last year, the firm earned ($3.35) earnings per share. Vail Resorts’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.95%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

Insider Buying and Selling at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.